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Corvette ZR1 price bombshell

By Greg Fountain Motor Industry 25 September 2008 14:37 General Motors has pitched the Corvette into the price stratosphere by announcing that the 206mph ZR1 will retail at an eye-watering £109,000 in the UK. It may be the fastest car ever built by GM, but the new 'Vette now enters big-time supercar territory, where it will need to have the quality to match its ballistic performance. The outrageous price tag is the biggest shock since we found out how genuinely brilliant the ZR1 is to drive.

GM to drop plans for range-topping Cadillac sedan

General Motors has decided to deep-freeze a range-topping ultraluxury sedan it was developing for Cadillac, according to three people with knowledge of the company’s plans. GM executives recently concluded that the rear-wheel-drive car, which would have been a low-volume showstopper priced well north of $100,000, didn’t offer enough brand-building pizzazz to justify the investment, the sources said. Designers recently were taken off the program and reassigned.

Nissan ads stray from focus on price

Nissan North America will stray from the discount-deal marketing pitch adopted late last year when a sinking economy kept consumers away from U.S. dealerships. A TV ad campaign that begins on Thursday will tout the loftier messages of safety, quality and performance.